Podcasts about r700

Jane Dutton speaks to Maya Fischer-French, Personal Finance Journalist at Maya on Money about the R700,000 fine imposed on African Bank by the Financial Sector Conduct Authority for a misleading social media advert that referred to a personal loan as an "investment". The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.Thank you for listening to The Money Show podcast.Listen live - The Money Show with Stephen Grootes is broadcast weekdays between 18:00 and 20:00 (SA Time) on 702 and CapeTalk.There’s more from the show at www.themoneyshow.co.zaSubscribe to the Money Show daily and weekly newslettersThe Money Show is brought to you by Absa.Follow us on:702 on Facebook: www.facebook.com/TalkRadio702702 on TikTok: www.tiktok.com/@talkradio702702 on Instagram: www.instagram.com/talkradio702702 on X: www.x.com/Radio702702 on YouTube: www.youtube.com/@radio702CapeTalk on Facebook: www.facebook.com/CapeTalkCapeTalk on TikTok: www.tiktok.com/@capetalkCapeTalk on Instagram: www.instagram.com/capetalkzaCapeTalk on YouTube: www.youtube.com/@CapeTalk567CapeTalk on X: www.x.com/CapeTalk See omnystudio.com/listener for privacy information.

President Cyril Ramaphosa “stumbles through life under the misapprehension that he's not accountable to South Africans for what he does, forgetting who put him there in the first place. South Africans.” This is the charge from Democratic Alliance (DA) MP Advocate Glynnis Breytenbach. She spoke to BizNews after the DA laid charges of corruption against Human Settlements Minister Thembi Simelane for allegedly stealing more than R700 000 by fraudulently billing Eskom when she worked for Vitrovian whose charges to Eskom appear “ridiculously” inflated. Eskom was allegedly invoiced by Vitrovian for work done by employees that did not exist, and Simelane's signature appears on the very first of these fraudulent invoices. The corruption charges come on top of Simelane's alleged involvement and subsequent implication in the looting of VBS Bank - after which the President ignored calls to suspend or sack her, and instead just moved her from Justice to Human Settlements. He has also repeatedly refused to disclose the content of Simelane's report to him on these allegations. Breytenbach believes his continued protection of Simelane raises serious questions on his ability and willingness to root out corruption at the highest level. “There are many ministers in the Cabinet that are less than…salubrious…who should, in all fairness, step aside and not hold those positions,” Breytenbach says.

The Democratic Alliance has filed corruption charges against Human Settlements Minister Thembi Simelane, accusing her of defrauding Eskom of over R700,000 while at a consulting firm Vitrovian. The party alleges fake invoices bear her signature. Simelane also faces past allegations in the VBS Bank scandal. For more on this we are joined by Adv. Glynnis Breytenbach MP - DA Spokesperson on Justice and Constitutional Development....

Minister of Human Settlements Thembi Simelane has vehemently denied allegations of her involvement in corrupt activities with Eskom contractor Vitrovian. The allegations claim Simelane was involved in inflating prices for community liaison work during her tenure at Vitrovian, for which she was paid at least R700,000. The Democratic Alliance (DA) has announced plans to lay criminal charges against Minister Simelane. To discuss this further, Elvis Presslin spoke to Advocate Glynnis Breytenbach, MP and DA Spokesperson on Justice and Constitutional Development

Stephen Grootes speaks to Sikhonathi Mantshatsha, Writer-at-large at News24 about how several major South African fund managers, including Old Mutual and Sanlam, invested over R700 million in Enable Capital's alleged funding scam.See omnystudio.com/listener for privacy information.

Nosipho Radebe speaks to Ernest North, Co-Founder at Naked InsuranceSee omnystudio.com/listener for privacy information.

Pippa speaks to Joan-Anne Harris about the 7th annual Clash of the Chefs fund-raising event. It's Saturday 17th August at Hermanus Golf Club. R700 per head including a 3-course lunch prepared by the chefs.See omnystudio.com/listener for privacy information.

The Public Servants Association (PSA) has welcomed an announcement by newly-appointed Minister of Public Works and Infrastructure, Dean Macpherson that his department will be initiating an independent investigation into the procurement and renovation of the South African Police Service headquarters, in Pretoria. The Telkom Towers Building was purchased in the year 2016 for over R700 million, and despite over R200 million having been spent for renovations and other services in the past 8 years, the building remains remains a costly white elephant as is unoccupied owing to various lapses. For more on this Elvis Presslin spoke to Acting Deputy General Manager at the Public Servants Association, Claude Naiker

This show aired on 19 June 2024. The Kfm Mornings team chat about a viral R700 bar chocolate. We play the 20K Pop Quiz with Suzuki, a woman with a husky voice gets Darren all confused and we find out the hoops people make potential partners jump through. See omnystudio.com/listener for privacy information.

This audio is brought to you by Wearcheck, your condition monitoring specialist. Northern Cape copper company Copper 360 announced on Wednesday that it has signed a memorandum of understanding (MoU) with DRDGOLD's Far West Gold Recoveries tailings retreatment company to conduct a due diligence on its copper tailings dams to assess their economic copper recovery viability. During the due diligence period, Far West Gold Recoveries will, through an independent expert, determine the total tonnage of tailings material by Lidar survey applying a density of 1.4 tonnes per cubic metre. Copper 360 estimates that there are about 50-million to 60-million tonnes of dump material with grades varying between 0.18% and 1.5% copper in the dumps, with the potential to contain 450 000 t of copper metal in situ. "This potential partnership, if viable, would help us bring more copper to account in such a way that it doesn't distract us from our mining focus," Copper 360 CEO Jan Nelson told Mining Weekly in a Zoom interview following the March 27 news service announcement of the Johannesburg Stock Exchange (JSE). (Also watch attached Creamer Media video.) During the due diligence, Far West Gold Recoveries will independently assess the economic viability of the copper dumps and if the results are to their satisfaction, the parties will enter into a joint venture agreement. Far West Gold Recoveries will be allowed to acquire 50% interest in the tailings dams at a price to be independently agreed and will become the operator of the dumps, while Copper 360 continues to focus on its many current mining activities, which include commissioning two processing plants at the Rietberg mine and evaluating five new mines. "Our expertise and focus are not tailings treatment although we recognise the potential of the copper dumps. It is therefore logical that we have approached the world leaders in dump retreatment to see if a potential partnership could be negotiated to potentially bring these assets to account if the due diligence is viable," it stated in its JSE news service report. Up to now, the tailings dams have been lower on Copper 360's list of priorities because of the huge capital that is required to turn them to account and Copper 360's greater focus on the hard rock potential of its mining licence. But the advance of the copper price and discussions with DRDGOLD have elevated tailings dam retreatment higher up the priority list, especially since the entry of Far West Gold Recoveries allows Copper 360 to keep its eye firmly where it is meant to be. If the due diligence is negative, Copper 360 will simply continue along its aggressive growth path and if it is positive, a significant copper stream will quickly be added to Copper 360's production line. "The timing is right and opportunity is right," said Nelson. HISTORICAL TAILINGS BUILD-UP The O'Kiep, Carolusberg, Lower NamaCopper and Upper NamaCopper tailings dams were brought into the Copper 360 fold by the reverse listing that Shirley Hayes' SHiP Copper did with Nelson's Big Tree Copper ahead of Copper 360's listing on the JSE's AltX in April last year. The tailings emerged from the O'Kiep copper company of 1937 and were deposited by the Nababeep, O'Kiep, Carolusberg mines from about 1940 all the way up to the 1990s. They now provide potential to bring more revenue to the table without Copper 360 having to bear the total capital burden as well as its potential to add more cash flow to the company and a bigger dividend flow to shareholders. The first thing the strategic partnership would bring is technical capability, gleaned over many decades by DRDGOLD in the field of extracting value from dumped mine material. "If viable, the partner will then, jointly with us, help to carry the capital cost of a plant like this, which could easily be R500-million to R700-million. "We would then not have to carry that alone, and we could maintain our focus on the mining licence, the hard rock, that we're bring...

The World Bank published a report last week which shows that crime costs the economy 10% of the value of the Gross Domestic Product. For this year, the cost is estimated at R700 billion. Daan Steenkamp from Codera Analytics analyzed these figures further. This episode is supported by Economic Research Southern Africa and the NWU Business School. Errors and omissions are my own.

Die Wêreldbank het verlede week ʼn verslag gepubliseer wat wys dat misdaad kos die ekonomie 10% van die waarde van die Bruto Binnelandse Produk. Vir hierdie jaar word die koste beraam op R700 miljard. Daan Steenkamp van Codera Analytics het hierdie syfers verder ontleed. Hierdie episode word ondersteun deur Economic Research Southern Africa en die NWU Sakeskool. Foute en weglatings is my eie.

Veteran crime fighter Yusuf Abramjee of Tax Justice South Africa is calling on South Africans to rise up to put pressure on the Government to put tangible actions in place to fight rampant crime. He speaks to BizNews in the wake of a World Bank study that found an estimated R700 billion is lost to the economy every year as a result of crime. “We must break our silence. We must stand up - even if it means taking to the streets, within the framework of the law, we have to do it. For how long are we gonna sit back and live behind high walls, behind fences, with beams, some people with bodyguards?” Abramjee says arresting the kingpins would be critical to the fight against crime. “…some of them are sitting in Dubai, probably sitting on the beach there and having their smoke and continuing to enjoy the cash from the ill-gotten gains…enough is enough for these people who are involved in the illicit trade, who are camouflaging themselves as legitimate dealers and manufacturers. Their time must come to an end. Not next year, not next week. I would say right now.”

TRUTH FROM REVELATION #5 By Pastor George Lehman To make mistakes and do wrong is human… but when the eraser wears out ahead of the pencil, you're overdoing it.     At some point you need to grow up and mature. You can't keep messing up and keep asking God to forgive you. Why do you think God allowed the message of the 7 churches to be read and studied by us? Revelation 1:3 – says there in lies a great blessing to those who would heed and obey - and keep yourself true to it. God is asking us His church, to mirror image ourselves. The Word is the mirror – so what of the Word do you see as you look at your image? The conduct of our lives is the true mirror of our doctrine. If you really live out what you believe – That is your conduct, people will see Jesus.  The question is: Do people want to serve the Jesus you mirror? Jesus says, watch your life.  There is always a reward but a stern warning too. 1st church – Ephesus: - They left their first love A:  So busy with the things of God but no real love for “God of the things” B:  A people who loved compromise, i.e. “accepting less than what the standard calls for”. He wants to be Lord of all – if He's not “Lord of all, He is not Lord at all”. 2nd church – Smyrna: A:  Jesus said we will be persecuted when we live Godly, upright lives (2 Timothy 3:12 (NIV) – In fact, everyone who wants to live a godly life in Christ Jesus will be persecuted.) B:  They were challenged to faithfulness :– loyalty, trustworthy, consistent, steadfast.   3rd church – Pergamum: 2 warnings given – both serious: A:  Choosing the lifestyle of Balaam.  Knowing what God requires from your life – but you willfully do your own thing. Setting a bad example of the character of Jesus wherever you go. B:  Nicolaitans lifestyle – people allowing compromise into their lives. Living double standards. You say you know ME but your lifestyle says something else. 4th church – Sardis: This was a complacent (self-tevredenheid) church – ‘kan nie worry nie'.  Excessive satisfaction with themselves yet drifted from God. A reputation of being alive but spiritually dead. 5th church – Philadelphia: An effective, Jesus loving, soul winning, focused on the vision – a church with open doors. 6th church – Laodicea (The end time church) Bottom line – Luke-warm church, no enthusiasm, no zeal, no commitment i.e. would people want to serve the same Jesus you serve. Revelation 3:20 Which brings us to our final church: Church Thyatira: Revelation 2:18-29 (NIV) - 18 “To the angel of the church in Thyatira write: These are the words of the Son of God, whose eyes are like blazing fire and whose feet are like burnished bronze. 19 I know your deeds, your love and faith, your service and perseverance, and that you are now doing more than you did at first. (Acknowledged their growth) 20 Nevertheless, I have this against you: You tolerate that woman Jezebel, who calls herself a prophet. By her teaching she misleads my servants into sexual immorality and the eating of food sacrificed to idols. 21 I have given her time to repent of her immorality, but she is unwilling. 22 So I will cast her on a bed of suffering, and I will make those who commit adultery with her suffer intensely, unless they repent of her ways. (It's those who allow this spirit and attitude to operate in their lives.) 23 I will strike her children dead (stop the generation carrying on with this spirit). Then all the churches will know that I am he who searches hearts and minds, and I will repay each of you according to your deeds. 24 Now I say to the rest of you in Thyatira, to you who do not hold to her teaching and have not learned Satan's so-called deep secrets, ‘I will not impose any other burden on you, 25 except to hold on to what you have until I come.' 26 To the one who is victorious and does my will to the end, I will give authority over the nations— 27 that one ‘will rule them with an iron sceptre and will dash them to pieces like pottery'—just as I have received authority from my Father. 28 I will also give that one the morning star. 29 Whoever has ears, let them hear what the Spirit says to the churches.   Start with verse 29 – amazing what people chose to hear: Judge in the divorce court says, Mr X, I have reviewed this case carefully and I have decided to give your wife R700 a week. That's very fair your honor, the husband says, and every now and then I'll try send her a few bucks myself. Blond calling the airline for info – asks the lady how long a flight takes from Jhb to Cpt – the lady says, “Just a minute”. The blond says, “oh, thank you” and puts the phone down. What have you been hearing?  Has it made you listen and heed? Hearing should lead to action. Hear – with our ears Listen with our intellect – soul Take it to heart to action – heed the word, you know when you've heard because you begin to change and Do. Verse 18 – Son of God is the highest authority in the universe.  It's the most exalted title given to Jesus.  He is saying, I AM the judge and I know and see ALL things. Verse 19 – Do you realize God is recording your growth level?  He has increase on His mind. John 15:1-8 (Fruit) to – abundant fruit John 10:10 (Life) to – abundant life Rom 8:37 (Victory) to – greater victory (we are more than conquerors)   The focus is on MORE. More increase – baby to teenager to adult.  Hebrews 5:12 – going from milk to solid food. We still have many Adults walking around with nappies. Jesus reminds us: Matthew 25:18 – “5-2-1 talent”. Notice our talents need to grow.   1 Timothy 4:15 – Practice and cultivate (ontwikkel) and meditate upon these duties; throw yourself wholly into them, so that your progress may be seen by everybody. Rev 2:20-25 – One of the key dangers within the church. God does not take this spirit lightly: Jezebel is first mentioned in the bible as King Ahab's wife Jezebel translated means without ‘co-habitation' (to live together) Amos 3:3: Do two walk together except they make an appointment and have agreed? Will not do it God's biblical way unless she can control and dominate. 1 Kings 19:14-18 This one spirit was almost totally responsible for corrupting an entire nation (7 000 remained faithfully) 1900 years ago in the church of Thyatira the Holy Spirit exposes this spirit – with a serious warning. And it still has its seat in the church today. As opposed to the Nicolaitans and Balaam, which is clear and obvious, this spirit comes very much disguised, because it's a well meaning Christian person – who has allowed themselves to be manipulated by this Jezebel spirit. It's really an un-repented attitude of the heart. The attack comes from within the church – it's not from without.  We expect attacks from outside.   Here are the characteristics of the spirit of Jezebel: Many times this spirit manifests in older Christians. Your level of commitment drops.  Appearing at all the functions aren't important any more. Un-teachable – You have far too many opinions which override God's word. Self-exaltation – which is a source of compromise – you accept less than the standard calls for – setting double standards. Unwilling to repent – doesn't feel it necessary. Change is not important – they believe they are OK. Stubbornness – only wanting your own way – God forbid those who get in your way. You don't really care how you treat people. Not submissive – independent. Very ambitious – to control and to dominate. It brings consistent discouragement and criticism. This spirit operates through insecurities, jealousy and pride. Happiness comes only from getting its own way – it depends on being acknowledged, recognized, praised and being on top of others. Verse 26-28 (note verse 28 “I will also give that one the morning star” Revelation 22:16 – I am the radiant and brilliant morning star. The truth is – Jesus is the morning star.  I give myself, Jesus says, that those who hold fast to my way and truth will be found by me. You cannot defeat the enemy simply with prayer – to topple satan's  empire we must be transformed into Christ's likeness. Victory begins with the name of Jesus on our lips.  It is not complete until the nature of Jesus is in our hearts. What we become in Christ, as His people, must be the exact opposite of the spirit of Jezebel. Un-teachable - teachable Unchanged - willing to change. Stubborn - meek, gentle Rebellious - submissive Prideful - humble Ambitious - servant It is who Christ Jesus becomes in you, that gives us the victory to be over comers. Close: Revelation 2:25 – Only hold fast to what you have until I come.   Philippians 3:16 – Only let us hold true to what we have already attained and walk and order our lives by that.  

Lester Kiewit speaks to the CEO of Netball SA, Blanche de la Guerre, about the price of tickets to the Netball World Cup, as it has been raised as a concern by some members of the public who feel R500 for kids, and R700 for adults is too steep.See omnystudio.com/listener for privacy information.

  Zunaid Moti, Founder of Moti Group, speaks out on courtrooms drama fight to block Amabhungane from reporting on #MotiLeaks   Jan Vermeulin,  Editor at Mybroadband  discuses big plans but poor execution: Govt spends over R700 000 on Digitech, a website aimed to show SA's innovation, only later to be revealed a CMS, which costs R957, was used   Economists see load-shedding drastically reducing in 2024, thanks to Project Vulindlela    Business Book feature: Trust by Henry Cloud      New Feature:   My Unusual Job - Pet Custody Mediator, Karis Nafte Karis Nafte| Animal behaviour expert and Accredited Family Mediator See omnystudio.com/listener for privacy information.

South Africans are NOT AT ALL happy with the recent revelation that  South African Cabinet Ministers and their deputies don't have to fork out a cent for water and electricity. Our ministers are also NOT at all affected by load-shedding because each of their households has received a generator to ensure that they are never in the dark. While South Africans were processing this information, they also found out that Cabinet ministers also now have an extra  one hundred thousand rand (R100 000) to spend on their luxury vehicles. Cabinet ministers and deputies can now spend up to R800,000 when purchasing a new car. This figure is up from R700,000 as specified in 2019 Ministerial Handbook.  This situation has riled many people throughout the week and to discuss it further we spoke to Advocate  Stefanie Fick, Executive Director, Organisation Undoing Tax Abuse (OUTA) AND  Thapelo Mohapi- General Secretary of Shack Dwellers' Movement, Abahlali baseMjondolo

JSE-listed Aveng has entered into an agreement to sell Trident Steel as a going concern for R700-million, following what it acknowledges to have been a “protracted and difficult” disposal process that was first initiated in 2017. The buyer is Trident Steel Africa (TSA), a company specifically formed for the acquisition, and which is funded by a consortium of local and US private capital, including Ambassador Enterprises, of the US, Joseph Investments, Arbor Capital Investments and Trident Steel's management. “The disposal of Trident Steel has been protracted and difficult, however the board and management are satisfied that this transaction represents the best value for Aveng and shareholders,” Aveng CEO Sean Flanagan said in a statement. The proceeds generated from the transaction will be used to settle Aveng's remaining R406-million South African debt. The group had external debt of R3-billion when the turnaround strategy was first initiated in 2017; a strategy that involved noncore disposals with a combined value of R1.1-billion. Flanagan expressed confidence that the business, which supplied steel products primarily to the South African automotive, rail and mining industries, was being sold to a “credible consortium” that could continue Trident's growth trajectory and secure the future of its employees. The purchase price of R700-million, plus an amount of R264-million which represented the cash portion from the business, as well as a monthly ‘ticking fee' of R7.45-million, will be payable by TSA on or before the transaction's closing date – the first day of the calendar month following the date on which the remaining conditions precedent, including competition authority approval, were fulfilled or waived. Aveng would provide R210-million of funding to a separate company in order to subscribe for 30% of TSA equity, which will be warehoused for the earlier of either a year from the closing date or the finalisation of an empowerment deal. Once the Trident disposal is concluded, Aveng will have two remaining core businesses: McConnell Dowell, which operates in Australasia and South East Asia, and Moolmans, which has contract mining activities in southern, central and west Africa. Aveng is also considering a foreign listing given that a significant portion of the combined revenue of McConnell Dowell and Moolmans is derived from outside of South Africa.

JSE-listed Aveng has entered into an agreement to sell Trident Steel as a going concern for R700-million, following what it acknowledges to have been a “protracted and difficult” disposal process that was first initiated in 2017. The buyer is Trident Steel Africa (TSA), a company specifically formed for the acquisition, and which is funded by a consortium of local and US private capital, including Ambassador Enterprises, of the US, Joseph Investments, Arbor Capital Investments and Trident Steel's management. “The disposal of Trident Steel has been protracted and difficult, however the board and management are satisfied that this transaction represents the best value for Aveng and shareholders,” Aveng CEO Sean Flanagan said in a statement. The proceeds generated from the transaction will be used to settle Aveng's remaining R406-million South African debt. The group had external debt of R3-billion when the turnaround strategy was first initiated in 2017; a strategy that involved noncore disposals with a combined value of R1.1-billion. Flanagan expressed confidence that the business, which supplied steel products primarily to the South African automotive, rail and mining industries, was being sold to a “credible consortium” that could continue Trident's growth trajectory and secure the future of its employees. The purchase price of R700-million, plus an amount of R264-million which represented the cash portion from the business, as well as a monthly ‘ticking fee' of R7.45-million, will be payable by TSA on or before the transaction's closing date – the first day of the calendar month following the date on which the remaining conditions precedent, including competition authority approval, were fulfilled or waived. Aveng would provide R210-million of funding to a separate company in order to subscribe for 30% of TSA equity, which will be warehoused for the earlier of either a year from the closing date or the finalisation of an empowerment deal. Once the Trident disposal is concluded, Aveng will have two remaining core businesses: McConnell Dowell, which operates in Australasia and South East Asia, and Moolmans, which has contract mining activities in southern, central and west Africa. Aveng is also considering a foreign listing given that a significant portion of the combined revenue of McConnell Dowell and Moolmans is derived from outside of South Africa.

We've heard of some unique and pricey dishes in our time. Like truffle covered French fries and R700 burgers and fries in Dubai. But justifying the cost for something that seems like a regular kitchen meal can be anything but easy. We guess this is what happened with this menu item at a fine dining Michelin Star restaurant in Dubai. Read the full blog!

We've heard of some unique and pricey dishes in our time. Like truffle covered French fries and R700 burgers and fries in Dubai. But justifying the cost for something that seems like a regular kitchen meal can be anything but easy. We guess this is what happened with this menu item at a fine dining Michelin Star restaurant in Dubai. Read the full blog!

Cell C Ten Thousand Rand Pop Quiz - Your chance to win up to R15,000 See omnystudio.com/listener for privacy information.

Cell C Ten Thousand Rand Pop Quiz - Your chance to win up to R15,000 See omnystudio.com/listener for privacy information.

Die DA sê die Suid-Afrikaanse Poskantoor skuld die Medipos Mediese Fonds 700 miljoen Suid-Afrikaanse rand vir werkers se bydraes. Dit het aan die lig gekom tydens die sitting van die portefeuljekomitee vir kommunikasie in die parlement. Daar word beweer die mediese hulp sal binne 30 dae opgeskort word en 12 000 werknemers sal geen gesondheidsdekking meer hê nie. Die woordvoerder van die DA, Dianne Kohler Barnard, sê ten spyte van die bydraes wat van lede se salarisse afgetrek is, is daar na bewering sedert 2020 geen betalings aan die mediese fonds gedoen nie.

Wake Up and Win - every single morning. Because you get 10 Questions, 60 seconds, a shot at 10 Grand and a chance to make your dreams come true. It's the R10 000 Pop Quiz with Cell C on 947. We'll take your morning from good to great . . . in just one minute.See omnystudio.com/listener for privacy information.

Wake Up and Win - every single morning. Because you get 10 Questions, 60 seconds, a shot at 10 Grand and a chance to make your dreams come true. It's the R10 000 Pop Quiz with Cell C on 947. We'll take your morning from good to great . . . in just one minute.See omnystudio.com/listener for privacy information.

The July 2021 unrest and the floods in KwaZulu-Natal in April this year have seen the Department of Trade, Industry and Competition (dtic) and its entities make available R3.5-billion in support. The dtic on Tuesday briefed the Portfolio Committee on Trade, Industry and Competition on the support package to aid economic recovery given the impact of the unrest and the floods. They shared that R2.4-billion - or 80% of the R3-billion approved by the department and its entities - has been disbursed to businesses affected by the unrest. Deputy Minister of Trade, Industry and Competition Fikile Majola explained that while the physical damage of the unrest was limited to Gauteng and KwaZulu-Natal, its economic impacts were widespread. As a response, the dtic and its entities developed an Economic Support Package of R3.75-billion. The package is funded through the reprioritisation of budgets within the dtic to the value of R700-million. National Treasury had made an allocation of R1.3-billion. The Industrial Development Corporation, an entity of the dtic, reprioritised and allocated R1.5-billion, and the National Empowerment Fund (NEF) allocated R250-million. The Solidarity Fund later provided the NEF with an additional R273-million. The support has been made available in the form of grants and concessionary loans or bridging finance to cover cash-flow challenges until the payouts from claims with the South African Special Insurance Risk Association (Sasria) are finalised. In its presentation, the department indicated that R3-billion had been approved for the applications made, and R2.4-billion has been disbursed so far. In some cases where construction is undertaken, or new equipment and machinery are ordered – payment is made after the completion of work. The disbursements, therefore, are expected to increase throughout the year. A total of 2 400 enterprises were supported – and over 2 600 sites were covered as, in some instances, individual firms had several of their sites affected. Over 45 000 jobs had also been supported. Businesses across different sectors such as manufacturing, retail, construction, agriculture and agro-processing, transportation, information and communication and the automotive industry benefitted from funds from the IDC. Several small-scale and large retailers were supported. Among those include rural and informal traders and small businesses who benefitted from R154-million grant funding. Over 1 800 business entities were supported, and about 7 100 jobs were saved. The IDC also provided grants of R7-million to 142 sugarcane growers in KwaZulu-Natal and over 6 500 jobs were saved. Over R12-million was approved for a black-owned company Wired Hardwares, which is a franchisee of Build-IT. Two Build-IT hardware stores in KwaZulu-Natal – one in KwaMashu and another in Inanda, that employed people from surrounding settlements - were looted, damaged and destroyed. However, thanks to the support provided, the Inanda store began trading again in March 2022, and the one in KwaMashu started trading again in late July. All 50 jobs were retained. A woman-owned business, Wildfire Trading, which owns an Engen franchise in Alexandra, Gauteng, was looted and damaged. A total of R2.5-million was approved to renovate the site, which had been vandalised. A total of 29 jobs were saved. Businesswoman Kedibone Lebethe, who owns 30 KFC outlets, having started off as a fryer, benefitted of R40.5-million needed to repair nine outlets across Gauteng that were damaged, looted and, in some cases, completely burnt down. In total, 14 outlets were affected. Her company KPML Group employs over 1 000 staff, mostly women and youth. The support helped the group reemploy 550 workers. The department has also supported infrastructure rebuilding programmes which covered six shopping centres, such as Protea Glen Shopping Centre in Gauteng and KwaMashu Shopping Centre in KwaZulu-Natal. Six other industrial sites also applied for funding. Close to...

Surface gold mining company DRDGold on Wednesday announced its fifteenth consecutive financial year of dividend paying. For the year ended June 30, the Johannesburg- and New York-listed company, headed by CEO Niël Pretorius, declared a final dividend of 40c a share, totaling a distribution of 60c a share for the 12 months. DRDGold generated R871.6-million in free cash flow for the year, supported by a gold price off recent highs but still robust. In a release to Mining Weekly, Pretorius portrays the financial year for the company, South Africa and the world as being characterised by a ‘litany' of challenges less to do with Covid and more to do, in South Africa, with: infrastructure theft and decay; lack of deployment of resources by those responsible for the protection of lives and property; an angry society, community violence and violent crime; labour unrest; deteriorating service delivery; and the soaring cost of basics required by business and communities. On a global scale, Pretorius cites the challenges posed by climate change and war. Against that background, DRDGOLD had held its own. “One of the core principles that informs our strategic thinking is that, to thrive well, you need to survive well. “In practice this means that, for many years, we have deliberately invested in capital and developing a system to increase business resilience and robustness. This approach has carried us through,” said Pretorius. Looking ahead, DRDGold remained committed to investing in the sustainability and growth of its business, growing capital investment from R584.1-million to R700-million in the financial year, now under way. Although the latest Fraser Institute report flags South Africa as the fourth-worst mining jurisdiction out of 185 surveyed internationally, this did not mean that it was impossible to thrive in this jurisdiction – “it simply means that the standard of political governance is not such that it enables and promotes business”.

The first edition of the BEE.conomics Annual Transformation in South African asset management survey was published in 2009 at which time there were just 14 black-owned asset managers who, combined, managed R91 billion. Fast forward 13 years later, and today there are 51 black-owned asset managers managing close to R700 billion, indicating that black market share has been increasing steadily. Certainly, in the past couple of years the number of black private equity fund managers has grown AlexForbes, South Africa's largest investments multi-manager, recently launched a transformation policy to make an impactful contribution to the sustainability and relevance of the asset management industry in South Africa. The policy has set transformative criteria for supporting and selecting asset managers and stockbrokers with an emphasis on gender diversity to ensure more black females are included in critical strategic and investment decision roles. Yesterday, the Association for Savings and Investment South Africa (ASISA) released the first Transformation Report detailing the collective progress made by ASISA member companies from 2018 to 2020. Joining Michael Avery for this discussion is Busisa Jiya, CEO of Association for Savings and Investment South Africa (ASISA) & Leon Campher, outgoing CEO of ASISA

In a recent survey, a debt counselling firm asked financially stressed South Africans “why have you not done something to alleviate your money-stress?”. Nearly 40% of people responded that they “feel stuck”. When faced with what appears to be an overwhelming problem we tend to shut down, sticking our head in the sand. But this obviously doesn't solve the problem. What we know is that getting ourselves out of debt does require discipline and action, but what most people don't realise is how quickly your circumstances change when you do take action. In this podcast Maya speaks to Ntombi Dube, a remarkable woman who paid off R700 000 of debt. If you are feeling stuck and need some inspiration, listen to her story. You can also find out more about the The Money Mentors programme here https://www.themoneymentors.co.za/

For Good Morning Angels and Mandela Day we collected donations to assist Hospice.

Scores of Sibanye Stillwater mineworkers camping outside the Union Building in Pretoria say they're optimistic about a breakthrough in the wage negotiations between unions and mine management that are scheduled to resume today. The talks were adjourned on Friday after unions and mine management disagreed on the tabled wage offers. The unions AMCU and the NUM, rejected the offer of R700 in the first year, R1000 in the second, and R900 in the third. The unions are demanding a one-thousand-rand wage demand and a six percent increase. For more on this, Elvis Presslin spoke to NUM PWV Regional Secretary, Bonginkosi Mrasi

Gugu Mhlungu profiles Photographer and founder of The Soweto Creamery, Thando Makhubu, a self-employed photographer from Soweto, who opened an ice cream business during the pandemic with only R700 saved from a R350 Covid-19 grant.     See omnystudio.com/listener for privacy information.

A lack of preventive maintenance is by far the biggest contributor to the deterioration of the South African road network, says South African National Roads Agency Limited (Sanral) engineering executive Louw Kannemeyer. “It is purely because the infrastructure is not being maintained. And, because we don't have a zero-maintenance design on our roads, we are seeing a rapid deterioration in the network.” Kannemeyer adds that many South African roads are reaching the end of their design life, which means that they will be increasingly sensitive to a lack of maintenance. South Africa has a proclaimed road network of more than 618 000 km. Sanral is responsible for 22 262 km of the country's roads at present. The agency's network carries about 35% of yearly vehicle kilometres travelled in South Africa, but 70% of the long-distance road freight. The rest of the country's network falls under the ambit of provincial and municipal authorities. It Doesn't Pay to Do Nothing Kannemeyer says there are two approaches to road maintenance. The first is preventive maintenance. This is where Sanral, or a provincial or local authority, builds a road. Then, after seven to ten years, dependent on the climate and traffic, fine cracks develop, and the road surface must be waterproofed. “To do that you need professionally qualified people,” says Kannemeyer. “You need engineers who understand what those cracks mean, who understand the climate of the area and the road design.” If the relevant authority does not act to fix these cracks, secondary defects will likely develop after three to five years. To repair the road will now cost six times more than what would have been the price tag to roll out the correct preventive maintenance, says Kannemeyer. If left for five to eight years, fixing the road will now cost 18 times more, he notes. “When a road is in a very poor condition, you don't need to be an engineer to see that it's in a poor condition,” says Kannemeyer. “The reality we face is that a lot of authorities do not have professionals in their employ. The way [road] networks are currently being managed is to fix the worst first. [Authorities] wait for the road the most people complain about, and that is the one they'll try and fix.” However, following that strategy means that for every one kilometre of road repaired, the authority could have resealed 18 km of road, explains Kannemeyer. “With the worst-first approach, the road cracks, and nothing gets done. Drains silt up, become blocked, and nothing gets done. The grass grows on the edge and it isn't cut to allow the water to drain. Everybody then waits for potholes to develop. “In the scenario of preventive maintenance, cracks are sealed, the grass is cut, the drains are cleaned – routine maintenance. That is a big focus area for Sanral.” To cut grass and seal cracks cost about R9.50/m2 a year on average, says Kannemeyer. “However, that buys you so much more in terms of asset life.” Resealing costs are R70/m2 to R150/m2 every ten years. To repair a pothole on a busy road is one of the most expensive exercises and can range from R700/m2 to R25 000/m2, says Kannemeyer. The cost of accommodating traffic and closing lanes is ten times more than the actual repair work. “You need to prevent the development of potholes at all costs – this is asset management,” says Kannemeyer. “And to do this, you need up-to-date data to ensure professionals can make informed decisions. At Sanral, we carefully track the deterioration of our roads.” Cheaper Methods, so Maintenance Is Vital When Sanral designs a road pavement, the agency does not design it for a number of calendar years, but rather for the traffic expected over the design period, which is typically 20 to 25 years. Sanral will typically forecast the traffic over a 20-year period, says Kannemeyer, most notably the heavy-truck traffic. This will determine the number of lanes – climbing lanes, passing lanes – and it will also dictate the kind of road pavemen...

The first edition of the BEE.conomics Annual Transformation in South African asset management survey was published in 2009 at which time there were just 14 black-owned asset managers who, combined, managed R91 billion. Fast forward 13 years later, and today there are 51 black-owned asset managers managing close to R700 billion, indicating that black market share has been increasing steadily. Certainly, in the past couple of years the number of black private equity fund managers has grown AlexForbes, South Africa's largest investments multi-manager has launched a transformation policy to make an impactful contribution to the sustainability and relevance of the asset management industry in South Africa. The policy has set transformative criteria for supporting and selecting asset managers and stockbrokers with an emphasis on gender diversity to ensure more black females are included in critical strategic and investment decision roles. To talk about this Michael Avery is joined by Lebo Thubisi, Head of Research at Alexforbes; Shafeeq Abrahams, Executive CE and PO of EPPF & Duane Cable, Head of SA Quality capability and Portfolio Manager at Ninety One

Despite facing various global challenges, JSE-listed gold miner Gold Fields achieved a 7% year-on-year increase in attributable equivalent gold production for the quarter ended March 31. While the 580 000 oz of gold produced in the quarter was 8% lower quarter-on-quarter, Gold Fields said it remained on track to achieve its full-year production guidance. The South Deep mine, in South Africa, produced 78 000 oz of gold in the first quarter – a 31% year-on-year increase. Production at Gold Fields' Ghana mines, however, decreased by 5% year-on-year to 210 000 oz. The Australian operations delivered a 10% year-on-year increase in output, at 258 000 oz, while the Cerro Corona mine, in Peru, produced 56 000 oz – a 21% year-on-year increase. CEO Chris Griffith said on May 5 that the first quarter had been a challenging start to the year from a macro perspective. “As we finally seemed to have overcome the worst of Covid‐19, the invasion of Ukraine by Russia has had a material impact. [In addition to] the devastation caused by . . . war, the world is being plagued with heightened inflation, driven by high oil and gas prices and, more broadly, higher commodity prices. "While we expected the mining sector to be challenged by high inflation at the start of the year, the impact has been worse than initially expected,” he said. Griffith noted that high commodity prices had driven inflation in energy costs, logistics and consumables. However, the higher inflationary pressures were offset to some extent by higher‐than‐expected copper by‐product credit, he added. Consequently, Gold Fields would leave its full-year cost guidance unchanged. For 2022, attributable gold equivalent production, excluding the Asanko mine, in Ghana, is expected to be between 2.25-million and 2.29-million ounces, compared with the 2.25-million ounces produced in 2021. Asanko is an equity accounted joint venture between precious metals producer Galiano Gold and Gold Fields. Including Asanko, however, attributable gold equivalent production is expected to be between 2.29-million and 2.34-million ounces. All-in-sustaining costs for the full-year are expected to be between $1 140/oz and $1 180/oz, with all-in costs (AIC) expected to be between $1 370/oz and $1 410/oz. If the large project capital expenditure taking place at the Salares Norte project, in Chile, is excluded, AIC are expected to be between $1 230/oz and $1 270/oz. RENEWABLE ENERGY In terms of Gold Fields renewable energy efforts, Griffith noted that the South Deep mine's 50 MW solar plant, in Gauteng, was on track for commissioning in the third quarter of the year, with installation of the 101 000 solar panels proceeding. Nearly 240 people have been employed in the construction phase of the project, with black economic empowerment contractors carrying out most of the work. After President Cyril Ramaphosa announced last year that the licensing exemption for distributed generation would increase to 100 MW, South Deep applied to the National Energy Regulator of South Africa (Nersa) for approval to increase its solar project output capacity to 60 MW. South Deep obtained approval from Nersa in March. Year-to-date expenditure on the plant amounted to R164-million, with the full-year expenditure expected to reach R554-million. Total expenditure to build and commission the plant is estimated at about R700-million. Griffith said the construction of the plant was currently 9% behind plan, owing to global supply constraints and the need to secure shipping slots. However, he noted that the team remained confident that the plant would still come online in August to supply electricity as planned. Meanwhile, at the Gruyere mine in Australia, the construction of a 12 MW solar plant and a 4.4 MW battery storage facility has been completed with the system now being performance tested and ramping up for commissioning, scheduled for June. Gruyere is a 50:50 joint venture between gold production companies Gold Road and Gruyere...

In this episode: You can get Disney+ on your DStv Explora if you want Elon Musk buys Twitter for nearly R700 billion Huawei's latest range of devices in South Africa is all business Tech Byte airs daily from Monday to Friday. For the latest tech news, be sure to follow Stuff on Twitter, Facebook and Instagram or head on over to our website.

Make your dreams possible every single morning with up to R10 000 cash - with The R10 000 Pop Quiz, brought to you by Standard Bank. That's 10 Questions. 60 seconds. And up to 10 Grand to be won. So, enter on 947.co.za. Then stay tuned - we could be calling you back to play The R10 000 Pop Quiz. How about now with Standard Bank. On Anele & The Club. T's and C's apply See omnystudio.com/listener for privacy information.

10 Questions. 60 Seconds. R10,000 is up for grabs! Play the R10,000 Pop Quiz brought to you by Standard Bank Group's MyMo Plus Account on #AneleAndTheClubOn947 every weekday morning. Enter TODAY >> https://buff.ly/3Dqmlif#GoldenMoments#ItCanBe See omnystudio.com/listener for privacy information.

10 Questions. 60 Seconds. R10,000 is up for grabs! Play the R10,000 Pop Quiz brought to you by Standard Bank Group's MyMo Plus Account on #AneleAndTheClubOn947 every weekday morning. Enter TODAY >> https://buff.ly/3Dqmlif#GoldenMoments#ItCanBe See omnystudio.com/listener for privacy information.

10 Questions. 60 Seconds. R10,000 is up for grabs! Play the R10,000 Pop Quiz brought to you by Standard Bank Group's MyMo Plus Account on #AneleAndTheClubOn947 every weekday morning. Enter TODAY >> https://buff.ly/3Dqmlif#GoldenMoments #ItCanBe See omnystudio.com/listener for privacy information.

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There is a new trend in South Africa, with Shopping centres choosing to donate their parking earnings to charities, and Sandton City has just upped the amount to R700,000!!! See omnystudio.com/listener for privacy information.

10 Questions. 60 Seconds. R10,000 is up for grabs! Play the R10,000 Pop Quiz brought to you by Standard Bank Group's MyMo Plus Account on #AneleAndTheClubOn947 every weekday morning. Enter TODAY >> https://buff.ly/3Dqmlif#GoldenMoments#ItCanBe See omnystudio.com/listener for privacy information.

Dr. Don Wilton 28:32 noThe Daily Encouraging WordThe Daily Encouraging Word with Dr. Don Wiltonfbs,spartanburg,genesis,baptist,don,wilton,thez,encouraging,word,celebratio

10 Questions. 60 Seconds. R10,000 is up for grabs! Play the R10,000 Pop Quiz brought to you by Standard Bank Group's MyMo Plus Account on #AneleAndTheClubOn947 every weekday morning. Enter TODAY >> https://buff.ly/3Dqmlif#GoldenMoments#ItCanBe See omnystudio.com/listener for privacy information.

10 Questions. 60 Seconds. R10,000 is up for grabs! Play the R10,000 Pop Quiz brought to you by Standard Bank Group's MyMo Plus Account on #AneleAndTheClubOn947 every weekday morning. Enter TODAY >> https://buff.ly/3Dqmlif#GoldenMoments#ItCanBe See omnystudio.com/listener for privacy information.

Wow.  We have been trying to nail this episode down for a while now.  Today, we have Sam from Accuracy Obsession, Christian from The Vision Products in Norway, and Rick from GCP Rifles down in South Florida.  AMAZING episode.  I really enjoyed doing this episode and Im sure you'll enjoy tagging along.  If you have an AI, Tikka, or R700/custom clone, you will want to listen to this podcast all the way through for an insane give away. As always, subscribe, like, share, and rate the podcast.  ENJOY!

In today's podcast episode we sit down and chat with Thandeka Sibanyoni, who is originally from Carolina, South Africa.   Thandeka started her property investment journey during the pandemic - she listened to the Property Magicians Podcast and then started following some of the guests and started implementing what they were teaching.   She started looking for properties where she lived and focused on the location of the property, cash flow and affordability. When she went to the bank, she learned that she could qualify for a property worth R700,000 (US$46,023) so she focused on properties priced below.   She found a property valued at R600,000 (US$39,448) and converted that property into a multi-let, with 4 bachelor units. She got 100% funding for that and later found out from the bank that the property was actually worth R800,000, so she actually made R200,000 (US$13,149) when she bought the property.   A few months later, she went to Johannesburg, learned about the AirBnB strategy and started implementing that strategy - she rented a flat, furnished it and put it up on Airbnb and started cash flowing from day 1.   In this podcast, Thandeka shares with us how she was able to start on her real estate journey during a pandemic and keep growing her portfolio.   We hope you enjoy the podcast as much as we did.   Click play to listen to the podcast and leave us a comment in the comments section below.

Guest: Tumi Sefolo | Executive for Direct Lending at Small Enterprise Finance Agency                     (Sefa )   Almost R700 million has been allocated to South Africa's Township and Rural Entrepreneurship Programme (TREP) which offers financial support to small businesses in the informal economy. The fund, managed by the Small Enterprise Development Agency (Seda) and the Small Enterprise Finance Agency (Sefa), offers credit guarantees, loans, grants, and business support services to qualifying township and rural-based enterprises. See omnystudio.com/listener for privacy information.

So, you’re a pop culture genius and keen to win some cash? Every day, Anele and the Club will put someone in the hot seat to play the Pop Quiz live on the show – if you want that person to be you, you need to prove yourself by playing the game online first! Once you’ve aced the Pop Quiz online game, make sure you enter your details in the online form when prompted and submit your entry. Your quiz score will be saved with your entry, so if you want to improve your chance of being picked to play on-air, keep on playing until you’re acing it every time! Anele and the Club will choose an entry from the online game, and if it’s yours, you’ll be given the chance to show off your genius live on radio. Start playing below now! The Pop Quiz with Dis-Chem. Exclusive to 947. See omnystudio.com/listener for privacy information.

So, you’re a pop culture genius and keen to win some cash? Every day, Anele and the Club will put someone in the hot seat to play the Pop Quiz live on the show – if you want that person to be you, you need to prove yourself by playing the game online first! Once you’ve aced the Pop Quiz online game, make sure you enter your details in the online form when prompted and submit your entry. Your quiz score will be saved with your entry, so if you want to improve your chance of being picked to play on-air, keep on playing until you’re acing it every time! Anele and the Club will choose an entry from the online game, and if it’s yours, you’ll be given the chance to show off your genius live on radio. Start playing below now! The Pop Quiz with Dis-Chem. Exclusive to 947. See omnystudio.com/listener for privacy information.

o, you’re a pop culture genius and keen to win some cash? Every day, Anele and the Club will put someone in the hot seat to play the Pop Quiz live on the show – if you want that person to be you, you need to prove yourself by playing the game online first! Once you’ve aced the Pop Quiz online game, make sure you enter your details in the online form when prompted and submit your entry. Your quiz score will be saved with your entry, so if you want to improve your chance of being picked to play on-air, keep on playing until you’re acing it every time! Anele and the Club will choose an entry from the online game, and if it’s yours, you’ll be given the chance to show off your genius live on radio. Start playing below now! The Pop Quiz with Dis-Chem. Exclusive to 947. See omnystudio.com/listener for privacy information.

So, you’re a pop culture genius and keen to win some cash? Every day, Anele and the Club will put someone in the hot seat to play the Pop Quiz live on the show – if you want that person to be you, you need to prove yourself by playing the game online first! Once you’ve aced the Pop Quiz online game, make sure you enter your details in the online form when prompted and submit your entry. Your quiz score will be saved with your entry, so if you want to improve your chance of being picked to play on-air, keep on playing until you’re acing it every time! Anele and the Club will choose an entry from the online game, and if it’s yours, you’ll be given the chance to show off your genius live on radio. Start playing below now! The Pop Quiz with Dis-Chem. Exclusive to 947. See omnystudio.com/listener for privacy information.

So, you’re a pop culture genius and keen to win some cash? Every day, Anele and the Club will put someone in the hot seat to play the Pop Quiz live on the show – if you want that person to be you, you need to prove yourself by playing the game online first! Once you’ve aced the Pop Quiz online game, make sure you enter your details in the online form when prompted and submit your entry. Your quiz score will be saved with your entry, so if you want to improve your chance of being picked to play on-air, keep on playing until you’re acing it every time! Anele and the Club will choose an entry from the online game, and if it’s yours, you’ll be given the chance to show off your genius live on radio. Start playing below now! The Pop Quiz with Dis-Chem. Exclusive to 947. See omnystudio.com/listener for privacy information.

In this week's #MoneyMagic series episode, I sit down to talk to Busisiwe Hlatswayo, Head of School for Business Innovation and Technology (BIT) at AFDA Johannesburg.   To be honest, I have no clue how to describe this interview because it took on a life of its own (as most of my interviews do) and goes so deep into various aspects of money - we discuss entrepreneurship, failing in our first businesses, the shame that comes with failure as an entrepreneur, loyalty to family, paying off debt, releasing the vow of perfection and having a business breakthrough.   Let me start by saying Busi is doing incredible work in the entrepreneurship space with undergraduates in AFDA and I was lucky enough to be invited to evaluate the students on their business plans a few weeks ago, so I've been able to see her work upfront and personal.   Busi joined the #MoneyMagic course in September 2018; she was R700,000 in debt and explained to us that one of her biggest issues was that even though she'd gotten promoted often, had a BCom Degree and an MBA she'd never been the head of a department and also struggled to build a consistent stream of income in her business.   One of her first breakthroughs, when she started the course, was getting her job at AFDA and being made Head of Department. Yay!!   In this interview, she shares a lot about how the vow of perfection and her vow of loyalty to her family kept her in debt. A part of her wanted to get out of debt, but the other part of her didn't feel safe getting rid of debt and these 2 parts would go toward with each other, which would lead to self-sabotage.   Busi explains how healing her trauma completely transformed her relationship with money and how she has paid off R500,000 (US$31,000) in the last 2 years and will be debt-free by next year (2021) and how she's also had a business breakthrough by just learning to let go.   You really don't want to miss this interview, get your pen and journal, your cup of tea and click play on the video below and when you've reflected, please leave us a note in the comments section below.   If this resonated with you and you are done working hard but not seeing the financial results of your work, then I invite you to check out and register for the Money Magic course. Click here to register/ sign up for the wait list for the Money Magic Course.   You can also download the free eBook here:  weathy-money.com/workbook  

So, you’re a pop culture genius and keen to win some cash? Every day, Anele and the Club will put someone in the hot seat to play the Pop Quiz live on the show – if you want that person to be you, you need to prove yourself by playing the game online first! Once you’ve aced the Pop Quiz online game, make sure you enter your details in the online form when prompted and submit your entry. Your quiz score will be saved with your entry, so if you want to improve your chance of being picked to play on-air, keep on playing until you’re acing it every time! Anele and the Club will choose an entry from the online game, and if it’s yours, you’ll be given the chance to show off your genius live on radio. Start playing below now! The Pop Quiz with Dis-Chem. Exclusive to 947. See omnystudio.com/listener for privacy information.

HMC discusses the latest Season 5 news and rumors for Call of Duty Modern Warfare Warzone and Multiplayer. Will the R700, APC-9. or AN-94 make an appearance next season? Stadium finally opening up and not being useless? Also how big/ how important will the train be from the trailer? What are our expectations for Petrov Oil Rig and Suldal Harbor (lol we can't read said suleal)? All that and more can be found here! Like what you heard? Follow us on twitter! https://twitter.com/HMC_Podcast Join our Disocord! https://discord.com/invite/VFKDZvn Sub to our YT! https://www.youtube.com/channel/UCwsHvt3awRV94DtJ9Hqo-JA

In this week's episode, we interview Ludwe Mageleni, about the Cape Town ekasi market, his journey into real estate and his role in Property Made Easy, a company that he and Brian Sango (episode 44) co-founded.    They started the company to bring professionalism into the real estate space ekasi and to help young Black men and women start investing in property in the township.    To paraphrase Ludwe: "If you're making R25,000 (US$1,455) a month and the banks are willing to give you R700,000 (US$41,000) to buy property, why not buy more than one property?"    Ludwe explained to us that bachelor units in the township in Cape Town can cost as little as R190,000 (US$11,062)  and rent for R3,500 (US$204) per month.    The rent more than covers the mortgage and instead of getting one property, young people in their 20s easily end up with several positive cash flowing properties and start building a property portfolio in a location that they understand.    They can then use that cashflow to go buy properties in more expensive neighborhoods at a later date if they want.  This was another eye-opening episode because we learned new things about the Cape Town ekasi market that we didn't know.    Click play to listen to this week's episode and share your thoughts with us in the comments section below. 

The Zondo Commission of Inquiry investigating allegations of state capture has spent about 700 million rand since its inception in 2018. This was revealed by the Department of Justice during its briefing to the oversight committee yesterday (Wednesday) when it was presenting its budget. Acting Director-General, Adv JB Skosana says about 18 million rand per month is spent on investigations. Is this money well spent? Former chairperson of Parliament's Standing Committee on Public Accounts (Scopa) and leader of the African People's Convention(APC), Themba Godi....

Episode 44 is a fun little adventure into the land we are all familiar with: the land of stealth changes. In addition to covering those, Tanner and I talk aboutan unfortunate playlist update, bug fixes coming to the Rytec AMR, and more. We also discuss the new weapons purportedly coming to the game, including the Intervention, R700, and AN-94, and, of course, other topics are discussed. The podcast is streamed live on Twitch every Wednesday and Saturday night at 7 o'clock Pacific! You can find the link below if you wanted to watch live - as you've no doubt heard, viewer interaction is high, so hop in, say your piece, and ask questions! Here's my streaming schedule. All are in Pacific time. Note: my internet does not allow me to stream gameplay for the moment, so those are on hiatus. Regardless, the podcast is still streamed live at the times below:

In honour of Africa Day, in this week's podcast episode we talk to Papa Boachie-Yiadom who was born in Ghana but grew up in South Africa.  He studied Actuarial Science at the University of Pretoria and soon realized that there were other avenues to focus on if you wanted to create wealth.  He took a job in the home loans division of a bank so he could learn about the home loans process.  He bought his first house 5 years ago and soon thereafter, attended a real estate seminar run by Nqabenhle (episode 28) who was looking for investors for 40 units in Johannesburg CBD.  He bought 4 out of the 40 units and paid R700, 000 (US$38,000) in total, using bank funds. He still owns those units and rents them out for R20, 000 (US$1100) a month. In the podcast, he told us that this kind of return on investment is a once in a lifetime opportunity.  A few years later he bought a 2 bedroom unit in the CBD for R270, 000 (US$14,575) and rented it out for R6,500 (US$351). He then built a relationship with a real estate agency so he could start getting access to deals before they were even advertised on the market.  Click play below to learn how Papa built that relationship and how he was able to build his portfolio to 9 properties in 5 years.  Let us know your thoughts in the comments section below.   Side bar: in this podcast Vangile promised to share one of her friend's travel podcast. The podcast is called: Black Woman Travel Podcast. You can check the interview she did on the podcast here: https://blackwomentravel.ashalbh.com/chapter-1-vangile-of-wealthy-money/

The Passenger Rail Agency of South Africa or Prasa has reported an estimated total revenue loss of over seven-hundred-and-fifty-million-rand for the year as a result of the national lockdown. Prasa has indicated that almost two-hundred-million-rand in revenue was lost in one month from April to May 2020. Prasa's Administrator Bongisizwe Mpondo was presenting the company's financial statement in a virtual media briefing.

Kosmos 94.1 — Volgens kenners verloor die Oos-Kaap provinsie in die buurland byna R700 000 per dag as gevolg van veediefstal. Willie Clack, voorsitter van die Suid Afrikaanse Veediefstalvoorkomingsforum is ons gas:

This week Ian, Dave, Gavin and Andrew talk about Precision Rifle shooting. Follow-up news about the coronavirus, protesters blocking trains, Prince Harry and Meghan no longer getting RCMP protection, and no changes to our gun laws as new firearms come to market. Dave runs the Precision Rifle Matches for the Ontario Rifle Association and Dave and Andrew will be competing together at National Service Conditions Championship. Intro Hello to all you patriots out there in podcast land and welcome to Episode 217 of Canadian Patriot Podcast, the number one live podcast in Canada. Recorded March 2, 2020.  Ian - Hobby farmer and doomsday LARPer on Vancouver Island. Dave - Competitive shooter Gavin - Recently returned from the UK, May  or may not be dying of modella virus Andrew - I’m  a recovering libertarian, competitive shooter, and firearms instructor at Ragnarok Tactical.   We’d love to hear your feedback about the show. Please visit  canadianpatriotpodcast.com/feedback/ or email us at feedback@canadianpatriotpodcast.com A version of the show is Available on Stitcher at and iTunes http://www.stitcher.com/s?fid=77508&refid=stpr and iTunes at https://itunes.apple.com/ca/podcast/canadian-patriot-podcast/id1067964521?mt=2 Check the podcast out on http://facebook.com/canadianpatriotpodcast and Instagram  https://www.instagram.com/canadianpatriotpodcast/  We need your help! To support the show visit patreon.com/cpp and become a patreon. You can get a better quality version of the show for just $1 per episode. The more you pledge, the better the rewards are. Show you’re not a communist,  buy a CPP T-Shirt, for just $19.99 + shipping and theft. Visit canadianpatriotpodcast.com home page and follow the link on the right. What are we drinking Andrew - Crown  Ian - Sake on Ice Dave- water Gavin - Water News Canada won't ban flights from COVID-19 hot spots or shut borders, containment remains  Strategy https://torontosun.com/news/national/canada-wont-ban-flights-from-covid-19-hot-spots-or-shut-borders-containment-remains-strategy Shocking our Government is doing nothing   Sudbury man upset with fine after walking near CN train trackshttps://www.cbc.ca/news/canada/sudbury/sudbury-man-upset-with-fine-after-walking-near-cn-train-tracks-1.3079708?__vfz=medium%3Dsharebar Compare and contrast with blockades   Mohawks blast Quebec premier for false, 'dangerous' claims that Kahnawake protesters are armed with AK-47s https://montreal.ctvnews.ca/mobile/mohawks-blast-quebec-premier-for-false-dangerous-claims-that-kahnawake-protesters-are-armed-with-ak-47s-1.4828838 Lol wut?   Canada will not pay for Prince Harry and Meghan's security after March https://www.cbc.ca/news/politics/harry-meghan-security-costs-rcmp-canada-1.5478022 Follow up to old news Good, let them fend for themselves   As Ottawa irons out details of its proposed assault-rifle ban, new weapons are coming to market https://www.theglobeandmail.com/canada/article-as-ottawa-irons-out-details-of-its-proposed-assault-rifle-ban-new/ Good for Wolverine Supplies   NSCC Precision Rifle Getting involved in your PRA ORA NCRAA BCRA DCRA   Other PRA’s have F-class, full bore, or other long range disciplines. Going to Nationals August 27 - September 4 Connaught Range and Primary Training Centre Ottawa ON $170 for 1 discipline, $230 for 2, $290 for 3 Rations and Quarters $60/day Foods great Rooms are small and old, bring your own bedding Beer in the mess is cheap PR is usually days 2 and 3 Course of Fire NSCC Rulebook NSCC Course of Fire Booklet 9 Matches total 200m to 900m 200, 300, 500 are snap 400 is a moving target 600-900 is deliberate 92 for score, 13 sighters Equipment Andrew’s New Rifle Ultimatum Precision Deadline action International Barrels Inc 24” 308 Winchester 5R 1:10 Vortex Viper PST 6-24x50 FFP MRAD Versapod bi-pod Trigger Tech Special pro Curved MDT LSS-XL Gen 2 chassis MDT muzzle break MDT pistol grip Luth-AR MBA1 stock   Plan to load Lapua 155 Scenars. 178 grain limit for Classic Dave’s rifle R700 sps varmint  Ess chassis FDE  Triggertech adjustable  Mdt brake Bushnell elite tactical, bushnell XTR rings (adjustable moa) Utg bipod Arca rail 178 eld M, hand loaded Andrew’s old rifle Remington 700 XCR Tactical Long Range 308 Winchester Eventually moved to MDT LSS-XL Gen1 chassis Versapod bi-pod Vortex Viper PST 6-24x50 FFP MRAD   Ian’s Rifle Remington 700 AAC-SD, 20 MOA rail .308 Win Stock trigger MDT LSS Gen 2 Black Chassis Surefire Pro-comp Magpul MLOK Bipod Magpul K Grip for now Magpul AICS Mags  Magpul CTR (I am the poors for now) Vortex Diamondback 3-12 X 42 BDC reticle:( , it’s all I have, open to opinions Using SST projectiles for now.   Just starting . Looking to use 178 ELD-X / M Outro Taccom TACCOM Canada 2020 - Sept 11-13. The Canadian Pro-Gun Podcastersz Network will be in attendance at TACCOM 2020. Your favourite Podcasters will be on hand throughout the show, so make sure you stop by the booth to meet your favourites and pick up some swag. You can see details for the show at www.taccomcanada.com   Ticket link -  https://taccomcanada.tix123.com/?refer=CanadianProGunPodcasters   Ian - theislandretreat@gmail.com , Canadian Prepper podcast, Sunday nights at 9pm  EST  Andrew - https://ragnaroktactical.ca/ Visit us at www.canadianpatriotpodcast.com   We value your opinions so please visit www.canadianpatriotpodcast.com/feedback/ or email us at feedback@canadianpatriotpodcast.com and let us know what you think.   Apologies to Rod Giltaca   Remember “You are the True North Strong and Free”   Music used under Creative Commons licenses The last ones by Jahzzar http://freemusicarchive.org/music/Jahzzar/Smoke_Factory/The_last_ones  Epic by Bensound http://www.bensound.com/royalty-free-music/track/epic 

Current Affairs programme which provides listeners with the latest local and International news hosted by Elvis Preslin. Tune in 104-107 every Saturday and Sunday morning from 6 to 7 am

Former Lions and Junior Springbok lock MB Lusaseni revealed how much he used to earn as an entry level rugby player from the Eastern Cape when he arrived at one of the biggest rugby academies in the country. Moreover, he was playing for the Junior Springboks with the likes of Lionel Mapoe, which was coached by Eric Sauls. In this thrilling MB Lusaseni exclusive Part1, the East London-born lock also spoke about what part agents played in blindsiding some of the naiive young black rugby players who broke into the academy and tried to make a living for themselves.  SportsLIVE podcast host Sbu Mjikeliso rates this candid interview as one of the Top 5 Best interviews he's had since he became a journalist in 2006. From a person who has interviewed the likes of Bryan Habana, Victor Matfied, Tiyani Mabunda and many others, this says a lot. We also spoke to resident Man United fan and Sunday Times sports writer Khanyiso Tshwaku about United's flattering 4-0 win over Chelsea in the opening weekend of the English Premier League. Plus: The return of King Siya Kolisi. This episode is not to be missed!

MultimediaLIVE — Former Lions and Junior Springbok lock MB Lusaseni revealed how much he used to earn as an entry level rugby player from the Eastern Cape when he arrived at one of the biggest rugby academies in the country. Moreover, he was playing for the Junior Springboks with the likes of Lionel Mapoe, which was coached by Eric Sauls. In this thrilling MB Lusaseni exclusive Part1, the East London-born lock also spoke about what part agents played in blindsiding some of the naiive young black rugby players who broke into the academy and tried to make a living for themselves.  SportsLIVE podcast host Sbu Mjikeliso rates this candid interview as one of the Top 5 Best interviews he's had since he became a journalist in 2006. From a person who has interviewed the likes of Bryan Habana, Victor Matfied, Tiyani Mabunda and many others, this says a lot. We also spoke to resident Man United fan and Sunday Times sports writer Khanyiso Tshwaku about United's flattering 4-0 win over Chelsea in the opening weekend of the English Premier League. Plus: The return of King Siya Kolisi. This episode is not to be missed!

Pepe Marais, is die mede-stigter van Joe Public United, een van die grootste advertensie agentskappe in SA met 'n jaarlikse omset van R700 miljoen. Nadat die besigheid bankrot gespeel het in 2009 (omdat Pepe 'n waardegedrewe besluit geneem het), het hulle die besigheid honderdvoudig begin groei deur ‘n duidelike "purpose" te hê of wat hy noem “een woord” en nie deur winste na te jaag nie. Webwerf

Jacques Basson — Pepe Marais, is die mede-stigter van Joe Public United, een van die grootste advertensie agentskappe in SA met 'n jaarlikse omset van R700 miljoen. Nadat die besigheid bankrot gespeel het in 2009 (omdat Pepe 'n waardegedrewe besluit geneem het), het hulle die besigheid honderdvoudig begin groei deur ‘n duidelike "purpose" te hê of wat hy noem “een woord” en nie deur winste na te jaag nie.

Pepe Marais, is die mede-stigter van Joe Public United, een van die grootste advertensie agentskappe in SA met 'n jaarlikse omset van R700 miljoen. Nadat die besigheid bankrot gespeel het in 2009 (omdat Pepe 'n waardegedrewe besluit geneem het), het hulle die besigheid honderdvoudig begin groei deur op sy eie en sy span se "purpose" te fokus en nie deur bloot winste na te jaag nie.

CliffCentral.com — Pepe Marais, is die mede-stigter van Joe Public United, een van die grootste advertensie agentskappe in SA met 'n jaarlikse omset van R700 miljoen. Nadat die besigheid bankrot gespeel het in 2009 (omdat Pepe 'n waardegedrewe besluit geneem het), het hulle die besigheid honderdvoudig begin groei deur op sy eie en sy span se "purpose" te fokus en nie deur bloot winste na te jaag nie.

Niche Radio — This week's show features an exclusive one on one interview with Elsie Bezuidenhout who is raising funds for Dogtown SA by climbing some of the world’s highest mountains – and Heather also shares some incredible feel-good news from the Cheetah rewilding project at Kuzuko Lodge. A local bath and shower range – Rain – have launched their first international skincare range to much excitement, and Heather also share a bit about her ‘staycation’ at the beautiful Southern Sun Hyde Park hotel too. Not to be missed this weekend, Equus and Chicago The Musical now on at Montecasino and are not to be missed, as well as Rum In The City this Saturday which features some awesome views, live music and the rather Caribbean inspired a theme in a beautiful setting in Sandton. You can also WIN tickets to the national screening of All About Eve movie starring Gillian Anderson and Lily James at Cinema Nouveau on 4th May valued at R700 per set. www.heatherhook.com

This week's show features an exclusive one on one interview with Elsie Bezuidenhout who is raising funds for Dogtown SA by climbing some of the world's highest mountains – and Heather also shares some incredible feel-good news from the Cheetah rewilding project at Kuzuko Lodge. A local bath and shower range – Rain – have launched their first international skincare range to much excitement, and Heather also share a bit about her ‘staycation' at the beautiful Southern Sun Hyde Park hotel too. Not to be missed this weekend, Equus and Chicago The Musical now on at Montecasino and are not to be missed, as well as Rum In The City this Saturday which features some awesome views, live music and the rather Caribbean inspired a theme in a beautiful setting in Sandton. You can also WIN tickets to the national screening of All About Eve movie starring Gillian Anderson and Lily James at Cinema Nouveau on 4th May valued at R700 per set. www.heatherhook.com · www.heatherhook.com

If you have R700 to spend on a smartphone contract per month, this episode just got a whole lot more interesting for you. Gavin and Lindsey assess the options including the pros and cons of the most competitive smartphone segment in South Africa. Follow Gavin at https://facebook.com/TechMagazineZA/ Find Lindsey at http://thatopinionguy.co.za or @SharpSchutters on twitter. Recorded at browniesdownies.co.za Produced by Lindsey Schutters

In finance, more options are always better. The more competition there is, the lower prices tend to go. With three new banks entering the market, we are sure to see banking costs come down. Is that reason enough to change banks? In this episode of The Fat Wallet Show, we consider when it's a good idea to change banks and when it's best to just stay put. We also spend some time talking about reward-driven costing. Rakhee I'm in the process of optimising costs. What bank do you suggest for daily transaction accounts i.e. savings/current account and credit card? Of course reliability, security and convenience are important factors here too. For my emergency fund I have a Money Market Fund that yields 7.8% currently. Can I do any better? Hugo What's your take on all the new banks in South Africa (Tyme, Discovery, Bank Zero) How do we trust them compared to the "Big 4"? How do we know they not another VBS? How safe would our money be? Win of the week is Julien. He had the following to say about tax and RAs. I believe the idea that "you don't pay tax now but you pay later" is misleading. Yes you will pay some tax, but in all likelihood you will pay much much less tax during retirement: 1) R500,000 of your retirement lump sum is tax free. 2) If you are 65 or older, the tax threshold increases from R75,750 to R117,300. 3) If you keep your standards of living the same, you will never need to draw your full gross income, because you won't be contributing to your RA anymore. You don't need to contribute to any other forms of investment/savings either. If you can save 35% of your net income now, in retirement your taxable income will be reduced by at least 35%. 4) The taxes you save before retirement come from your top tax brackets but the taxes that you pay after retirement are calculated from your bottom tax brackets. For example, if you earn R700,000 per year, your marginal rate is 39%. If you contribute R100,000 to your RA, you will save 39% of this amount: R39,000. If you retire at 55 and take R100,000 out of your living annuity, you will pay 0 tax on the first R75,750 and 18% tax on the last R24,250. This adds up to R4,365  - far less than the R39,000 you saved. 5) Not all of your post-retirement income needs to come from your RA. You can take advantage of your TFSA and the R40,000 exemption on capital gain to further reduce how much you need to take out of your living annuity. 6) As mentioned during the podcast, your cost of living can be lower during retirement if you have paid off your house, car, etc. 7) Let's not forget than money now is better than money tomorrow. You can invest your tax rebate and even if you need to pay some of it back, you get to keep the growth :) With a bit of planning you can pay way less tax after retirement compared to how much you get to save before. But most importantly, even without planning, using an RA is already very tax efficient. Leigh got divorced recently and wants to figure out how to move forward financially. With my divorce settlement I bought a one bedroom apartment in Paarl. I also have an apartment in a resort that we used in the summer holidays when we lived abroad. It is rented out by the resort. I own half my home. All these properties are paid for, the one in Paarl will be completed in June. The Paarl property was R610,000 and the predicted rental is R6,400.00 per month. I don't work at the moment and I figured that at least I will have an income which I could put into my money market account as savings. Is there a better way to use my money? I need to get myself financially sorted very quickly. Tee has two RAs. She went to an advisor who put her in an Investec RA. She didn't like that advisor and got another advisor through a family member who put her into an Echo Bonus RA with Sanlam. I would like to only have one RA and after listening to you guys on the show, I would like to remove the financial advisor from the equation if at all possible. Would you recommend moving the one to the other or move both to a 10x account or something like? I am still in the process of doing some research regarding the fees and benefits of the RAs, but just wanted to ask your opinions and expertise on the matter. I am still paying off a student loan and a car loan. And I am in the process of looking at my finances and budget so that I can start with an Emergency fund and then later on start investing. I am already 28 years old so any help at this point will be much appreciated. Frikkie has a question about blueberry tax. I didn't follow your advice and invested in Blueberries, Honey & Solar Farming. How does the taxes work on these Investments?  Will it be taxed like Farming or Investing? Investing in farming usually allow upfront deductions. The market is getting Warren down. In October 2015 I resigned after a decade at the same organisation and transferred my sizeable provident fund into a preservation fund. The fund turned out to be far too conservative, so earlier this year I transferred it to 10X High Equity provident fund. It's now over three years later and not taking currency or inflation into account I am down R2,000 from where I started. I know this is long term view but if it can do so shit in three years, it could do even worse in 30 years. It would've actually been better under my mattress and far better in a bank account... I'd rather make around 8% then a loss. Anyone else feel like they've been royally f*cked? Subscribe to our RSS feed here. Subscribe or rate us in iTunes.  

'n Derde van Suid-Afrika se wynprodusente trek baie swaar, en is nie winsgewend nie. So sê Rico Basson, Vinpro se bestuurshoof. Vanjaar se wynoes was weens die droogte 15 persent kleiner as verlede jaar s'n, wat 'n bedryfsverlies van R700 miljoen beteken. Die bedrag is egter drie keer meer as daar na die volle omvang gekyk word weens wingerde wat dood is en vervang moet word. Basson praat met Lizma van Zyl oor die toekoms van die bedryf, en hoe die verliese verbruikers se sak raak.

Subscribe to our RSS feed here. Subscribe or rate us in iTunes. Sign up here to receive an email every time a new show goes live. This is another themed-by-serendipity episode. Last week Edwin mailed with a dilemma: how do you choose between being a good citizen or family member and having money? Whatever you spend on your family, kids or pets or donate to charity is money not going towards your savings goals. Does that mean you should forego those things altogether? Money and morality are closely linked, but so is money and health, as Christoff pointed out. Having a lot of money but never having any fun is completely pointless. A lot of money at the expense of having children is not going to make you happy (if you want children). Sitting on a mountain of money and never helping anyone else is going to bankrupt you morally. Spending your life trying to get rich but neglecting your health is going to lead to sickness in retirement. What's the point of that? We discuss strategies to navigate these questions and completely fail to choose a winner for Sam Beckbessinger's Manage Your Money Like a F*cking Grownup giveaway. Something to look forward to next week! Win of the week: Jacques Kasselman. He found us by accident on iTunes and immediately panicked. After reading his mail I realised that he actually didn't need to panic at all. Where to start to get on track? I think the best thing would be to get rid of my debt of over R1500 a month, excluding interest on my vehicle loan. I started paying off my debt by having a liberty investment I had for 6 years (R500/pm - 1.67% growth above what I put in) pay out and pay off my most expensive debt first. That's R700 that can go to the next card/account and then the next and so on. Is this the right strategy or should I rather look for somewhere else to invest that money, eg. TFSA, ETF and slowly pay off the debt over time? The way I understand from what I have learned from you guys so far is get rid of debt, then create an emergency fund while simultaneously slowly starting to save/invest and increasing the savings/investing part as the emergency fund gets closer to 3 months salary. TFSAs SARS gives us R23,800 tax free interest already. Is it still beneficial to contribute to an TFSA at possibly lower returns if we are still far from reaching that limit? Saving the R500,000 cap for when one day we pass the R23,000 limit? Reaching the R500,000 limit would take about 15 years if you contribute the max of R33,000. As I am 34, I still have 31 years left if I am unable to retire early. PENSION My employer requires 22.5% pension contribution monthly, deducted from my salary (me=7.5% company=15%). At the moment its split between Allan Gray and the company fund. I plan on increasing the percentage towards retirement to max as soon as I can get the rest in order, or at least a little better. Stefan responded to Frank, who wanted to know where to keep his Lazy system cash while he waited for entries. I have four EasyEquities accounts and I get interest on all cash in my accounts. There's a cash management fee, so it's not the best cash account, but it's not like I'm getting nothing. Fred has an interesting question about TERs. He is invested in an Allan Gray Balanced Fund through a financial planner. The TER of the fund is 1.44%. In addition to that, he pays an admin fee of 0.40, an advisor fee of 0.50% and a management company fee of 0.79%. Just for the privilege of buying the fund he's paying 1.69%. I looked up the fund costs on the Allan Gray website, and I have some bad news. The TER is 1.45%, but excludes “other expenses” of 0.02%, VAT of 0.15%, and transaction costs of 0.07%. 3.38% total cost. The problem is, you don't see the TER. It costs you money, but you don't see the money. Pieter is putting his emergency fund to work. He banks with FNB, and he's really made the most of that infrastructure. I have a cheque account that my salary gets paid in. I have a bit of extra money to cover the "shit I did not budget for". I move most of my expense money to my credit card so it is positive. This earns me a tiny bit of interest and I win back quite a lot in ebucks. I have a linked savings pocket with 1 months expenses in it. It earns interest, has no account fee and money is available immediately. I am building up 3 months living expenses in a 32 day notice account that also earns interest and has no account fee. So the plan is: for small unplanned things, you just use money in your account. If the paw paw hits the fan I can live a month with my savings pocket money. When I start touching that money I can request "next months salary" from the 32 day notice account without incurring costs. If I can build up > 3 months in my notice deposit, I will move that to bond ETF or something that gives better return. This way I have no fees and costs, acceptable interest and money available now. Gerhard needs help with life insurance. I love your war on fees. It's helped me a lot in making my decisions around investing. Is there a similar type of thing in the life insurance side of the world? My life insurance is with Liberty, and it is fully a grudge purchase, but I do have 100s of children so kind of have to have something. Are there new style life insurance companies that you guys are aware of, like a 10X but for life insurance? I asked the 10X team and they didn't know of anyone. However, I did get some suggestions. Have a look at brightrock.co.za. It looks like a new school type of business, but it's majority shareholder is Sanlam. The other suggestion was FMI. They're a division of Bidvest Life. Craig Gradidge from Gradidge-Mahura investments said: The insurers who are "traditional" and reasonably transparent are Sanlam, Old Mutual, Hollard, PPS.  The 2 that integrate are Discovery and Momentum. With Brightrock benefits structure is still something they need to work on...as always, the answer of which is best is usually determined by client requirements, their lifestyle and health conditions, etc etc Poor Josh is stuck between a rock and a hard place with his RA. I recently started working at a Big Four bank I come from a company that used 10X as a provider. I didn't know how lucky I was back then. I am 26, so I need an aggressive portfolio. The fund options we have are somehow administered/managed by Old Mutual and the options are: Allan Gray global balanced portfolio - 51% equity allocation, 1% fee on SA based assets, and performance related fees of between 0,5 and 2,5% for foreign assets. I'm staying fucking far away from this one. Assholes. Coronation global houseview portfolio - 49% equity allocation, looks like a fund of funds so fees on fees will apply here, but doesn't look that bad. Still shitty though. Investec balanced fund - 41% equity allocation, 23% bonds allocation. Fees are reasonable at 0.54% for local assets and 0.75% for international assets. I ended up choosing this one due to the lower fees, but it's so conservative, so shitty. Nedgroup core diversified fund - 50% equity allocation, 7% bonds. Fees are good at 0,58%. But again, lower equity exposure. Actually looking at this now, this option looks the best out of a shit bunch. The rest are so shit they aren't worth mentioning. Think old mutual, Tanquanta cash pooled fund (yes, seriously). So, my question is - do I bite the bullet and just throw as much as I can at the Investec/Nedgroup funds, or maybe lower contributions to the least I can and then open a portfolio with a better RA provider like a Sygnia/10x etc in my personal capacity? I'm leaning towards the latter. But this would probably mean some complications come tax return time? I don't suppose I can go to a massive corporate's benefits department and tell them that my options are terrible, give me better ones? Jorge wants to invest in a living and guaranteed annuity, but he wants to know how to make that decision. What are the practical implications and values considerations should be taken into account when opting for both a guaranteed and living annuity? We have an excellent article on justonelap.com/retire about the difference between these products. Entries to win Manage your money like a fucking grownup by Sam Beckbessinger. We asked you for the one fact that changed the way you thought about your finances. Christoff's point is about health. When you realise that you need to save up for a potentially very long retirement (30+ years these days!), we do all this planning to ensure that we're “taken care of” financially, but what about our physical health? If we're going to live for another 30+ years after retirement, we'd be enjoying those years a lot more if we're fit and healthy, right up to nearly the end. I'm 43 and take good care of myself, but I look around at my peers (school friends, cousins, colleagues, etc of the same age-group) and a LOT of them already suffer from heart problems, hypertension, cholesterol, various forms of cancer, diabetes, and what have you!  It's very depressing to think of having the benefit of living in the 21st century, with enough technology to keep us alive for so many more years, when most of those years are going to suck! Just as compounding works for/against your finances, it does the same with our health.  Poor daily habits will eventually catch up with you, so we need to keep our attention on this very important factor if we're going to enjoy our hard-earned and cleverly-invested wealth. Phemelo found The Fat Wallet Show in January and has made massive strides in his financial life. I'm not all over the show. I have a financial plan and taking on the challenge of keeping the lifestyle cost the same to avoid lifestyle creep. My huge eye-opener was there are no shortcuts to this thing - baby steps. I've closed my overdraft, I'm starting to slowly chow the credit card debt, and I started paying my student debt. The next step is starting to slowly build the emergency fund. Ronel had an a-ha moment about fees If I can lower my fees on my Retirement Annuity, I can have sooo much more money. It blew my mind that if I get 10% growth, and inflation is 6%, there is only 4% left for growth (compounding) and if I pay 3% of 4% in fees, I will only get back what I put in (adjusted for inflation).  That is not my idea of a comfortable retirement .... So I moved my Retirement Annuities from Sanlam and Old Mutual to 10X. I am now on a fee witch hunt to cut ALL fees to the bare minimum :) John Morrison (our retired unicorn) submitted a vote for Khuliso, I think. When people speak about money I have realized that I must first determine their anchor point and their biases. Then I can adapt this information to my anchor point and confront my biases. Someone investing for future retirement is at a different point to another living off investments in retirement. I am truly inspired by Khuliso and their kota. Such an understanding of compound interest, time and lowering the cost of living. Really amazing! You can't help it if your parents were poor and you start poor, but with compound interest in a single generation everything can change. Well done Khuliso! With ABSA's WTF new minimum brokerage fees in ETF accounts (which is by the way more than a kota) we need to get behind EasyEquities and give them huge support. Is EE the only company that understands not to rip off the poor? Links to be included in show notes: Adam sent a link about the three biggest lies about passive investments. They are: People can't make their own decisions about which products to buy Very few investors have the time, knowledge or skill to invest their own money. The fees aren't as low as they claim Passive products available to retail investors in South Africa are still relatively expensive and not that much lower than actively managed funds. You don't get market return It is easy to compare the JSE/FTSE All Share Index returns with active manager returns and conclude that active managers are not worth their fees. The comparison is flawed. It does not consider risk and it also does not take into account that most of the growth from that index has come from one share – Naspers. I'm not going to tell you what to think about this. If you understand how these products work, you can make up your own mind.

There is an old saying that nothing worth having comes easy and the story of Gareth Leck and Pepe Marais is no different. The idea was to take big agency thinking to the man in the street under a concept called “take away advertising” and a mission to disrupt the advertising space. Today the company Joe Public is South Africa’s largest independent agency with a turnover of R700 million and gross profits in excess of R200 million. But getting to where they are today was no easy feat and it involved an exit to a multinational corporate, the re-purchase of the company, bankruptcy and the rebuilding of the company from the ground up on more than one occasion. This is a classic story of the hardship and realities of entrepreneurship and running a business.

“Is it really possible to live off my investments?” This is a question we field often. We recently did a podcast about early retirement that deals with a variation on this theme. The question concerns me, because the answer lies at the heart of all financial planning. Firstly, if living off your investments isn't the end goal of investing, what is? How else do you differentiate between long-term investments and short-term savings? Intentionality is a theme that keeps cropping up on the Just One Lap platform. Good financial decisions aren't possible without understanding the purpose of investing. Secondly, the answer affects your judgement around whether your retirement annuity or pension fund is any good. How do you decide how much to contribute to these funds? All too often companies set the retirement savings rate on behalf of employees. If you can't answer this question, how will you know whether the company-mandated savings rate or the oft-cited 15% is enough to see you through retirement? When I started dreaming of an early retirement, I calculated I would need around R7m to be financially free. At a 4% draw-down rate, this would earn me a monthly income of just over R23 000. At 4%, so says the theory, my capital would keep on growing if my returns beat inflation. Imagine I never ran this calculation and decided instead to contribute 15% of my monthly salary to an RA. If I started this month and continued my 15% contributions for the next 20 years, providing I earned an annual yield of 12%, I'm still almost R700 000 shy of my early retirement goal. In this podcast, we talk about the numbers you have to run and the assumptions you have to make to know whether you have enough money invested. I highly recommend you visit the Stealthy Wealth website for a lot more information about this. While his goal is early retirement, the principles are the same. Kris